All Forum Posts by: Hon Ching Lai

@Daniel Kim thanks for the advice! 6.5 is pretty good for HELOC

@Daniel Kim I’d manage it myself for the first few units, but I expect to hire management when the number increases. And yes I have a few lenders that gave me some quotes and is getting prequalified for one

@Daniel Kim south or north of Seattle where the cap rate still make sense. Everett Tacoma Renton, etc

I am in Seattle area. Here's what I have. 500k in cash, a paid off single family rental property that I plan to take out a HELOC of , est 700k limit. I plan to use the cash I have for down payments to buy multifamily units. Meanwhile using the money from heloc as my short term loan. Making sure I buy properties at ~75% of the ARV. After repairs and putting tenants in, I'll refinance and hopefully paid off my HELOC and then do it all over again. Can anyone tell me if this is a good idea, or areas for improvements

If you can move to any states and not have to worry about jobs and other logistics. Which states would you want to go to start your real estate investments?

What about the BURRR strategies in Everett, Renton, Tacoma areas? Are those limited by the Seattle regulations?

I'm just starting out as a real estate investor. I'm looking for more of a long term passive cash flow. Although I am definitely interested in commercial syndication. But just like Amit said, I do plan to dabble my feet in small multifamily first. I am looking for a way to invest the money I have in a efficient way. Besides the $400k cash, would it make sense to take out a HELOC or HE loan on the $800k property, that way I can leverage more?

If you have $400k cash, and a all paid off $800k Single family home. How would you invest those money?